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Senior Contributor

OptionEye - Macro Outlook - Aug 31st

Good morning. 


Overnight saw grains lose some ground. Corn is slightly lower, beans down 7 and wheat down 3. 


World stock markets are a little lower with China vascilating overnight to finish down .82% Europe is down roughly the same. Our own futures markets are pointingt to a lower opening with the S & P down over 15 points and the Dow future is lower by 130. 


The 10 year yield is at 2.16 as the world digests the mixed messages coming out of Jackson Hole. 


Oil is settling back down after last weeks 17% rally. It trades at $44.42 down .80 cents. 


Gold is lower by $2.23 to $1131.32. 


The dollar is a little weaker down .12 to 95.98. 


Today we get Chicago Purchasing Manager Index and The Dallas Fed Manufacturing Activity Indes. Let's see if they support the GDP number we got last week. 




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